Loading…
AgRural expects Brazil's first corn area in the center-south to grow just 0.6% in 2021/22, as farmers favor soybeans because of higher input costs, especially fertilizer. Planting is 5.3% complete, and the consultancy sees first crop output rising 2.7 million tonnes to 21.5 million.
A nearly flat corn area and a modest output gain mean limited extra corn supply, while the shift toward soybeans supports soy acreage and prices.
agrural.com.brAgRural Commodities AgrícolasAug 31, 2021After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
